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Barneys weighs bankruptcy after flagship's rent is raised to $30M
Blog 3 days ago
Barneys weighs bankruptcy after flagship's rent is raised to $30M

The luxury department store Barneys New York is considering a bankruptcy filing, and much of that is due to the retailer's annual rent jumping from...

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Manhattan office rents reach historic high: CBRE
Blog 3 days ago
Manhattan office rents reach historic high: CBRE

As new sky-scraping office towers rise in Manhattan, commercial rents are climbing too. CBRE reports that the average asking rent for office space...

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Toys R Us to open New Jersey store as part of comeback bid
Blog 4 days ago
Toys R Us to open New Jersey store as part of comeback bid

The reincarnated version of Toys "R" Us is opening two stores this holiday season as a testing ground, with the hope of scaling up to 10 locations...

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Blackstone is said to be seeking sale of some warehouses from GLP deal
Blog 4 days ago
Blackstone is said to be seeking sale of some warehouses from GLP deal

Blackstone Group LP is talking with prospective buyers for some of the warehouses it will amass as part of an $18.7 billion acquisition agreed to...

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Uber searches for driver hangout space in Manhattan
Blog 1 week ago
Uber searches for driver hangout space in Manhattan

Uber is engaging in a New York tradition: looking for a parking space. The ride-hail company wants a large lot or garage where its drivers can park...

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Blackstone halts Stuy Town upgrades in wake of rent regs overall
Blog 1 week ago
Blackstone halts Stuy Town upgrades in wake of rent regs overall

A sign for the northwest oval is seen in Stuyvesant Town-Peter Cooper Village, Manhattan's largest apartment complex. The Blackstone Group is...

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Commercial vacancies in Trump Tower steady, but 37% of space is up for renewal soon
Blog 1 week ago
Commercial vacancies in Trump Tower steady, but 37% of space is up for renewal soon

Trump Tower, the Manhattan landmark home to the president and his namesake real estate company, has seen commercial occupancy fall to 84% from...

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Brooklyn beats Manhattan in apartment rent increases
Blog 1 week ago
Brooklyn beats Manhattan in apartment rent increases

Apartment rents rose the most in more than three years in Brooklyn, where a surge of high-end development is pushing up costs. With the value of...

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City opens temporary Willoughby Square green space amid legal fight
Blog 1 week ago
City opens temporary Willoughby Square green space amid legal fight

The city has opened a temporary green space at Willoughby Square, as it fends off a legal challenge over who has the right to build on the 1.2-acre...

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A simple way to catch rent-regulation cheaters
Blog 1 week ago
A simple way to catch rent-regulation cheaters

To the editor: The City of New York has relatively easy access to information that can demonstrate whether a rent-regulated tenant still resides in...

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SoHo developer sets sights on neighborhood's growing office market
Blog 2 weeks ago
SoHo developer sets sights on neighborhood's growing office market

Longtime SoHo building owner Albert Laboz said he plans to soon break ground on two boutique office buildings in the glitzy neighborhood. Laboz,...

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City urban design advocate takes California post
Blog 3 weeks ago
City urban design advocate takes California post

Vishaan Chakrabarti, founder of the New York-based Practice for Architecture and Urbanism, has been named dean of UC Berkeley's College of...

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REBNY president steps down
Blog 3 weeks ago
REBNY president steps down

The city's most powerful real estate lobbying group announced a change in leadership Wednesday after a legislative session that humbled the once...

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Google turns Chelsea Market area into tech hub
Blog 3 weeks ago
Google turns Chelsea Market area into tech hub

With its purchase of the Milk Building at 450 W. 15th St. in May, Google now owns or leases nearly all the commercial property between West 15th...

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After scare in Albany, big development site hits the market in LIC
Blog 1 month ago
After scare in Albany, big development site hits the market in LIC

A Long Island City warehouse near the waterfront has hit the market, offering a buyer the chance to raise a residential tower in a neighborhood...

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Lawmakers race to fix mistake in rent law
Blog 1 month ago
Lawmakers race to fix mistake in rent law

In the final hours of the legislative session in Albany, lawmakers are racing to pass a key update to the freshly minted rent-regulation law. The...

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City targets $5 million illegal Airbnb ring
Blog 1 month ago
City targets $5 million illegal Airbnb ring

City officials are going after a group of landlords for operating a ring of illegal short term rentals that they marketed on popular booking sites...

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Krispy Kreme leases Bronx warehouse to serve planned Times Square flagship
Blog 1 month ago
Krispy Kreme leases Bronx warehouse to serve planned Times Square flagship

Krispy Kreme is not glazing over its warehouse needs as it expands in Manhattan. A week after announcing plans for a massive Times Square flagship,...

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Assembly and Senate strike rent-reform deal
Blog 1 month ago
Assembly and Senate strike rent-reform deal

Assembly Speaker Carl Heastie and state Senate Majority Leader Andrea Stewart-Cousins announced late Tuesday that their two houses have agreed on...

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Cuomo warns of ‘explosion' if rent laws expire
Blog 1 month ago
Cuomo warns of ‘explosion' if rent laws expire

The fight in Albany over New York's 1 million rent-regulated apartments could trigger a political counterblast if the state Senate and Assembly...

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Real estate interests spend big on rent-control renewal debates: report
Blog 1 month ago
Real estate interests spend big on rent-control renewal debates: report

Real estate interests have spent big each time New York's rent-control laws have come up for renewal in the past two decades, easily outpacing...

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Blackstone plans to create $6.8 billion warehouse unit
Blog 1 month ago
Blackstone plans to create $6.8 billion warehouse unit

Blackstone Group LP plans to pool 6 billion euros ($6.8 billion) of its smaller European warehouse investments in a new company that will...

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Target approved for Queens amid controversy
Blog 1 month ago
Target approved for Queens amid controversy

A proposal to build a Target store in Elmhurst was approved Tuesday by the Board of Standards and Appeals over the furious objections of some...

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Hudson Square slated to get a new 'grand boulevard'
Blog 2 months ago
Hudson Square slated to get a new 'grand boulevard'

A project to transform a street in Manhattan's Hudson Square neighborhood into a "grand boulevard" is one step closer to reality with the selection...

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Brookfield's new partnership offers residents reusable containers for brand-name items
Blog 2 months ago
Brookfield's new partnership offers residents reusable containers for brand-name items

Brookfield Properties is launching its partnership with a new company that offers reusable packaging for toothpaste, juice, salad dressing and...

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CBRE eyes 3 World Trade Center for its coworking brand
Blog 2 months ago
CBRE eyes 3 World Trade Center for its coworking brand

CBRE, the world's largest commercial brokerage and real estate services company, is searching for space to house its newly launched coworking brand...

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Coworking company Convene CEO predicts sector consolidation
Blog 2 months ago
Coworking company Convene CEO predicts sector consolidation

GREW UP: Hillsborough Township, N. J. LIGHT-BULB MOMENT: Simonetti headed a team investing in office buildings and hotels for Gramercy Capital, a...

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Will a massive new mall strike gold or strike out?
Blog 2 months ago
Will a massive new mall strike gold or strike out?

It sometimes feels like Staten Island is in a time warp—perhaps never more so than last week, when political and real estate honchos descended on...

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Outdated regulations shackling SoHo and NoHo
Blog 2 months ago
Outdated regulations shackling SoHo and NoHo

SoHo and NoHo have wonderful walkability, residential amenities and a variety of businesses. But few New Yorkers know that without special...

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Lenders may face slump on rent control changes, analysts say
Blog 2 months ago
Lenders may face slump on rent control changes, analysts say

Banks exposed to New York City lending were rare decliners in Thursday trading, extending Wednesday's losses as analysts dug into worries that...

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